US EditionNvidia will not be able to invest $100 billion in OpenAI due to IPO, CEO Huang says
Nvidia finalized a $30 billion stake in OpenAI's $110 billion funding round as IPO plans make the full $100 billion staged investment unlikely, CEO Jensen Huang said.
- On Wednesday, Nvidia CEO Jensen Huang said the $100 billion planned investment in OpenAI is probably not happening at the Morgan Stanley Technology, Media and Telecom conference.
- Nvidia finalized a $30 billion tranche last month as part of a $110 billion OpenAI funding round that included Amazon and SoftBank, and the larger $100 billion pledge was unveiled in September.
- Capacity-Based installments structured the pledge, tying the $100 billion commitment to 10 gigawatts of AI data centers in 10 installments as capacity came online, starting with the first gigawatt.
- Reports that the agreement failed to materialize underscore the risks, as analysts warn a failed deal could trigger the domino effect,
- Industry debate followed the announcement over circular dealmaking as the Wall Street Journal reported stalled talks, The Financial Times reported abandonment, and both companies denied a fallout.
35 Articles
35 Articles
NVIDIA Live Thursday Updates: Jensen Huang May End $100B OpenAI Investment
Live Updates Finally! Access 25+ Cryptocurrencies The Easy Way After years of waiting for a good option, SoFi now offers access to major cryptocurrencies like Bitcoin, Ethereum, and Solana, along with more than 25 total digital assets. What stands out isn’t just the selection, it’s the integration. You don’t need a separate app, a new login, or a different funding source. Crypto lives next to the rest of your portfolio, which makes position siz…
Nvidia CEO Jensen Huang said the recent investments in OpenAI and Anthropic could be the chipmaker's last in the companies. "The opportunity to invest $100 billion in OpenAI is probably not in the cards," Huang said. Nvidia and OpenAI had announced a $100 billion deal in September of last year. "Instead, Nvidia has finalized a $30 billion investment in OpenAI, which could be the last time it has the opportunity to invest in a company like this,"…
Jensen Huang says a $100 billion investment in OpenAI is ‘probably not in the cards’
Jensen Huang says a $100 billion OpenAI investment is “probably not in the cards,” citing the AI startup’s move toward an IPO. Harun Ozalp/Anadolu via Getty Images A $100 billion investment in OpenAI is unlikely, says Nvidia CEO Jensen Huang. “They’re going to go public towards the end of the year,” Huang said at a conference. “We finalized our agreement. We’re going to invest $30 billion in OpenAl,” Huang said. Nvidia CEO Jensen Huang says the…
Jensen Huang says a $100 billion investment in OpenAI is 'probably not in the cards'
Jensen Huang says a $100 billion OpenAI investment is "probably not in the cards," citing the AI startup's move toward an IPO.Harun Ozalp/Anadolu via Getty ImagesA $100 billion investment in OpenAI is unlikely, says Nvidia CEO Jensen Huang."They're going to go public towards the end of the year," Huang said at a conference."We finalized our agreement. We're going to invest $30 billion in OpenAl," Huang said.Nvidia CEO Jensen Huang says the idea …
TechCrunch
technewstube.comJensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers
Nvidia CEO Jensen Huang said Wednesday that his company's investments in OpenAI and Anthropic will likely be its last — but his explanation may not tell the whole story.
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
